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You're wrong. It doesn't matter how you hear it - or what your relationship is. If it's material and non-public, you can't trade on it. There were people who
by sachinag 18y ago
You're wrong. It doesn't matter how you hear it - or what your relationship is. If it's material and non-public, you can't trade on it.
There were people who were hanging out at financial printers to find out material, non-public information, which they would then trade on. There's no relationship whatsoever there, but it's insider trading.